THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

said company, not exceeding at one time, the sum of
five dollars per share, after having given thirty days notice
of such call in any newspaper published iu the town of
Cumberland; stating in such notice, the day on which
such payments shall be made to the president and direc-
tors in said company, or to any authorised agent they
may appoint to receive the same; also, that if any stock-
holder refuse or neglect to pay within thirty days after
said instalment shall become due, in accordance with the
notice aforesaid, the amount of his assessment so levied
then in that case the. president and directors, at their op-
tion, shall have power to declare the said stock and the
sum of all previous payments made thereon, foifeited to
the use and benefit of the remaining stockholders in said
company.

CHAP. 315.

Sec. 10. And be it enacted, That each share of stock
shall entitle its owner or representative to one vote at the
general meeting of stockholder for the election of a pre-
sident and directors, or for the transaction of any busi-
ness that shall come before them; and it also shall be
lawful for stockholders owning or representing more than
one-fourth part of the capital stock, to call a general
meeting of the stockholders in said company at any time,
by giving thirty days notice of the objects of said meet-
ing, in any newspaper published iu the town of Cum-
berland, and any such meeting consisting of, or repre-
sented by a majority of the capital stock, shall have pow-
er to elect officers and perform all other acts that a le-
gally constituted yearly meeting under this act can do.

Each share of
stock to entitle
its owner to a

vote.

SEC. 11. And be it enacted, That the said Company
shall have power to purchase, sell, lease, hold and con-
vey lands, buildings and tenements in the town of Cum-
berland, or any other property whatsoever necessary to,
and applicable to the transaction and prosecution of its
business, and may receive and hold lands or any pro-
perly whatsoever, in any part of the State of Mary-
land, that may be recovered and received in the pay-
ment of debts due unto the said company from others.

SEC. 12. And be it enacted, That this act shall be and
remain in full force until the first day of January, one
thousand eight hundred and sixty-seven.

In force until
1867.

SEC. 13. And be it enacted, That any warrant, writ or
other precept issued by any justice of the peace in Alle-
gany county or by Allegany county court, and served by
any constable, sheriff or other propel officer, upon any
member, agent or officer of said Cumberland Nail and
Wire Company, shall be as binding and valid in law, as

Precept to be
binding.